Subtitle: “Ticker Tape Parade for Trojan Horse” Ordinarily China’s policy of driving exports to a nation with purchases of their currency is met with resistance.
Hate to criticize someone proposing a payroll tax holiday- darn that Lerner’s law! A Big Bang for Greece There is a way out of the
Q2 ended ECB rolled it all over Greece weathered the quarter end storm without going parabolic as in previous spikes, as ECB buying continues to
I now understand it this way: The IMF creates and allocates new SDR’s to its members. There is no other source of SDR’s. SDR’s exist
It doesn’t get any more ominous than this. This would insure an orderly default of the entire currency union. Which is already in progress. Germany
The size Greece ‘needed’ implies the others will need numbers beyond euro zone capacity, especially as the Greek deal used up euro zone capacity. So
Greece CAN Go it Alone Yesterday at 5:00pm By Marshall Auerback and Warren Mosler Greece can successfully issue and place new debt at low interest
It remains my contention that Greece can dramatically upgrade its new securities simply by putting a provision in the default section that states that in
When/if word gets out that depositors can lose, that contagion spreads across the euro zone with a general run on the banking system to actual
Good chart- shows how far the euro zone debt is out of bounds for their currency arrangements: Sovereigns vs States